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As consumptive demands have grown in the Murray River basin, ecological health has declinedand debate over how water should be allocated has grown. Additional structured thinking aboutthe trade-offs involved in finding a balance for the overall environmental integrity of the MurrayRiver basin is necessary. This paper describes how economic analysis can contribute to ascreening process for seeking this balance that incorporates biophysical information as well asmarket and non-market benefits for a range of possible investments in floodplain health. Thisscreening process can help decision makers successively filter the options, narrow the field andevaluate whether it is in society’s interest to let particular floodplains decline with no furtherintervention.

Keywords: Environmental flows ; Floodplain ; The Living Murray ; Non Market Valuation ; CostBenefit Analysis ; Multi-Criteria Analysis ; Full Economic Assessment

Subject(s): Environmental Economics and Policy

Issue Date: 2005

Publication Type: Conference Paper/ Presentation

PURL Identifier:

Total Pages: 27

Record appears in: Australian Agricultural and Resource Economics Society (AARES) > 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia

Autor: Dyack, Brenda ; Connor, Jeffery D. ; Hatton MacDonald, Darla


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